According to Insurance Regulatory and Development Authority recommendations, a uniform grace period of 30 days is extended for annual, half-yearly and quarterly renewals, and 15 days for monthly renewals.
A careful reading of the national income accounts suggests that after a strong recovery from the pandemic, there has been a significant ebbing of dynamism over the last three quarters to more modest levels recently, note Arvind Subramanian and Josh Felman.
The Reserve Bank's rate setting panel on Thursday met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year, said sources. The report will be presented to the government as per the Reserve Bank of India Act, they added. The six-member Monetary Policy Committee (MPC) is headed by Governor Shaktikanta Das.
The government on Friday put on hold the preferential market access (PMA) policy that provided for sourcing of sensitive telecom and electronic equipments and technology from domestic manufacturers over security concerns.
Mike Pompeo has said that among the dozens of world leaders he met as the United States Secretary of State he found the 'most unpleasant' was Chinese President Xi Jinping, who threatened to stop sending PPE kits to America if it kept asking for accountability from Beijing on COVID-19.
In a post on X, Modi said, "Happy to have welcomed @POTUS @JoeBiden to 7, Lok Kalyan Marg. Our meeting was very productive."
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
Chief Economic Advisor V Anantha Nageswaran on Thursday said the economy is expected to grow at 6.5 per cent in the current fiscal notwithstanding deficient rains in August. India recorded economic growth of 7.8 per cent in the April-June quarter of 2023-24 against 13.1 per cent in the year-ago period. India's economy in Q1 grew at the fastest pace in a year, on the shoulders of a boost in capital expenditure both at central and state levels, along with stronger consumption demand, especially in rural areas, and improved performance in the services sector, he said.
'I hope that the incoming Biden-Harris Administration works with India to address some of the most profound geopolitical transboundary challenges.'
Chairing a meeting to review the security situation in LWE-affected states, Shah said the Modi government has adopted a policy of zero tolerance against left wing extremism since 2014.
'India will want a lot of help from the US, but it's not going to want US troops.'
Not just unclaimed bank deposits, there are thousands of crores of rupees locked in unclaimed shares and insurance policies lying with many institutions across India.
Lead indicators suggest that domestic current account deficit (CAD) is likely to reduce in 2023, while macro-economic stability has received a boost from inflation being brought back to the official tolerance band, according to the Reserve Bank of India's (RBI's) January 2023 Bulletin. "With the merchandise trade deficit reaching an all-time high of $83.5 billion in a quarter, and a rise in net outgo from the income account, the current account deficit increased to 4.4 per cent of GDP in Q2FY23," the State of the Economy article in the bulletin said. "It is noteworthy, however, that the CAD for Q1 was revised down from 2.8 per cent to 2.2 per cent on account of downward adjustment in Customs data.
In an army that favours officers who have spent the bulk of their service years doing counter-insurgency operations in Jammu and Kashmir, General Anil Chauhan is that rarity: A China specialist who has logged plenty of service years along the Line of Actual Control and the McMahon Line with China.
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
The US President told reporters that he and Pompeo are on the same page. "With Mike, Mike Pompeo, we have a very similar thought process. I think it's going to go very well," Trump said.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
'Terrorists who are active in Poonch and Rajouri are not relying on random locals for logistics, guidance etc.' 'They are being supported by a selected few who are being vetted, cleared and directed from across the LoC.'
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
As per a PMO statement, Modi told the investors that "he believes in a fair, predictable and consistent tax system
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
For Yoginder, it is a release from pain. But for us, his friends, it is the loss of a warm and generous life companion, says Nitin Desai of his 50-year association with the eminent economist who passed into the ages on December 6, 2022.
The five-state assembly elections are seen as a now-or-never, no-holds battle for the Congress, points out N Sathiya Moorthy.
Prime Minister Narendra D Modi's itinerary for his June 21-24 US visit could include an address to a fledgling business advocacy group, the US-India Strategic Partnership Forum.
If you opt for a term-life cover, buy separate policies to cover the loan for all the co-borrowers in a home loan for a sum assured equal to the home loan amount.
India's economy is unlikely to see double-digit growth and may grow between 8 per cent and 9 per cent this fiscal year (2021-22, or FY22), against the estimated 11.5 per cent, according to leading economists and rating agencies. The downward revision of growth projections to as low as 10 per cent is mostly on account of stringency in restrictions by states, relatively slow vaccination pace, and the possibility of a third wave of the pandemic. However, they say the impact will not be as severe as the first wave, and expect the first quarter to see positive growth.
As protests against the new military recruitment scheme Agnipath continue to rage across states, National Security Advisor Ajit Doval on Tuesday said in the future we are heading towards a scenario where there will be contactless wars against invisible enemies and the country needs a young fit and agile army.
'Now they're talking about changing the Constitution; they feel they have no reason now to hide their intentions.'
They are now publicly trying to redefine the goals of their invasion to be different than they were at the outset, she noted when asked about some declassified American intelligence information that Putin had bad information from his military.
The announcement was a surprise as the new administration to be headed by the new Premier is scheduled to take over during the annual Parliament session slated to be held from March 5 next year.
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
'A policy that covers a wider range of diseases will offer greater peace of mind.'
The Tamil film industry won't forget Vijayakanth's large-heartedness, how he took care of fellow industry persons, male or female, rich or poor, young or old...recalls N Sathiya Moorthy. How he sent money quietly for the family of a stunt artiste to meet his funeral expenses, how he always ensured that all female co-stars, including junior artistes, had secure accommodation on outdoor shoots, and how he would always the first to rush help if anyone from the fraternity was in distress.
Indian billionaires Mukesh Ambani and Anand Mahindra, Apple CEO Tim Cook and corporate leader Indira Nooyi were among the guests. CEOs of Google, Microsoft and Adobe -- Sunder Pichai, Satya Nadella and Shantanu Narayen -- also attended the event.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
At the World Bank Banga will be replacing David Malpass, a former Trump treasury official, reports axios.com. Malpass had already announced that he will resign by July, months ahead of his term expired. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. Banga, 63, currently serves as vice chairman at General Atlantic.
Haven't they heard about the 'Tale of Two Brothers'? asks Suveen Sinha.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, answers your queries about HEALTH insurance and AUTO insurance.
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